Category: Top News

Regulator says it’s probing 10 cases involving private funds CSRC cites misuse of Shanghai-Hong Kong stock connect China’s securities regulator is cracking down on the fast-growing hedge-fund industry, investigating 10 cases of alleged wrongdoing.

Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. Abul Maal A. Muhith was responding to questions from reporters about a Reuters story on Friday […]

Crown Prince, key backer of Vision Fund, consolidating power But a reversal may raise questions about continued investment  Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world’s biggest investor in technologies. The reason has to do with the main patron of Son’s $100 billion investment plan, Saudi Arabia’s […]

Dec.11 — Mary Nicola, investment strategist and senior economist for Asia at Aviva Investors, discusses Fed policy, inflation and her out for markets in 2018. She speaks on “Bloomberg Markets: Middle East.”

Bitcoin futures launched on Cboe Global Markets Sunday, with the cryptocurrency surging. January Bitcoin futures rose 15% to $17,840 in active trading. Bitcoin’s big 2017 run has intensified in recent weeks, rapidly rising from $10,000 to last week clearing $17,000 last week — above $19,000 on some spot-price platforms — before pulling back. Bitcoin was trading at $16,270.93, CoinDesk, […]

Electric-car start-up Lucid Motors is doubling the size of its offices and is moving into Tesla ‘s neighborhood. The company, which is not yet selling any cars, is moving from its current headquarters in Menlo Park, California, to a new facility in the nearby city of Newark. Lucid Motors announced the move on its blog on Monday. […]

Energy Tycoon to Pour $4.6 Billion Into Southeast Asia’s Boom Sarath Ratanavadi’s Gulf Energy plans to add power plants Gulf’s IPO is turning Sarath into newest Thai billionaire Gulf Energy Development Pcl’s billionaire founder Sarath Ratanavadi plans 150 billion baht ($4.6 billion) of investment in power plants over the next four years after the company’s listing this […]

Decisions about what to include are leaving some on the outs. In September 2015, Peru’s then-finance minister abruptly changed his plans and hopped on a jet to New York. By the time ­Alonso Segura Vasi landed in the U.S., officials from the country’s central bank and ­securities regulator were also en route to join him. […]

  Federal Communications Commission chairman Ajit Pai just put a big item on his holiday wish list: having the FCC destroy the net-neutrality rules that it adopted two years ago. As Pai said in a statement on the FCC’s site, he will have the commission vote at its Dec. 14 meeting on his “Restoring Internet Freedom Order.” The […]

Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about emergence and growth of the private cryptocurrencies that are grabbing more and […]

Nothing is invincible, but JPMorgan doesn’t see too much right now that could derail the stock market rally. And, it’s trying to convey that to a growing number of skeptic clients. Stephen Parker, head of thematic equity solutions at the firm’s private bank, argues there are hardly any signs of investor euphoria right now — […]

Alexei Kulikov was charged with looting a small Moscow bank. But his trial turned into a window on the shadowy—and seemingly uncontrollable—world of money laundering in Putin’s Russia. The pounding on the door begins at about 6 a.m. on a wintry Moscow day in March 2016. Insistent knocking at that hour usually means just one thing: […]